Karl Smith at Modeled Behavior took the time to make a comment about my post on the US fiscal situation, in which he comes to two differing… Read more “…and You Thought I was Grim”
Tag: Great
Sentences to Ponder
This is from an argument by Kevin Drum about the size of banks: It’s true that I think trying to break up big banks is politically unfeasible,… Read more “Sentences to Ponder”
Assorted Links
Better payday lending through deregulation? Sounds plausible. A recent paper from Robert DeYoung and Ronnie Phillips at the Kansas City Fed provides some cautionary results about potential… Read more “Assorted Links”
Effause and Causfect?
Dean Baker does not think the financial crisis was the cause of the recession: Spain is noteworthy because it now has an unemployment rate of more than… Read more “Effause and Causfect?”
Shoot Yourself in the (Glass) Foot? Blame a Guy Named Steagall.
Eugene White, one of the greatest economic historians I can think of, tells the story of Glass-Stegall. Also in this series, and by a guy named White:… Read more “Shoot Yourself in the (Glass) Foot? Blame a Guy Named Steagall.”
Models vs. Markets (Reply to DTM)
DTM remains unconvinced of my macro narrative, citing a few specific areas where he disagrees with me. From his comments: I don’t think it is possible to… Read more “Models vs. Markets (Reply to DTM)”
Things Are What They Seem
There has been a lot of very passionate disagreement from people who I assume want to be as literally accurate as possible saying that the Fed’s recent… Read more “Things Are What They Seem”
Real Depressing Wages
Did FDR’s high wage policies (and, by extension, Hoover’s) harm recovery from the Great Depression? Scott Sumner says yes: The bottom series is log of industrial production… Read more “Real Depressing Wages”
Sumner on the Great Depression
Scott Sumner has begun blogging about his manuscript that he has been working on regarding the Great Depression, which is something I’m very interested in reading. He… Read more “Sumner on the Great Depression”